to: change the eligibility criteria for accessing film tax offsets; extend the main residence capital gains tax exemption to certain compulsory acquisitions; include terminal medical condition benefits; and include school uniforms as an eligible expense for the education expenses tax offset;

Income Tax Assessment Act 1997

and

Income Tax (Transitional Provisions) Act 1997

to adjust the benchmark interest rate used to determine the cost of capital protection;

A New Tax System (Goods and Services Tax) Act 1999

to allow non-profit sub-entities to access the goods and services tax concessions available to their parent entity; and

Taxation Administration Act 1953

to enable the Commissioner of Taxation not to apply a payment, credit or running balance account surplus against certain tax debts.

to exempt from income tax: the Disaster Recovery Subsidy paid to those affected by the floods in Australia during the summer of 2010-11 and by Cyclone Yasi; and ex-gratia payments to New Zealand non-protected special category visa holders for a disaster that occurred in Australia during the 2010-11 financial year;

Income Tax Assessment Act 1997

and

Tax Laws Amendment (2009 Measures No. 2) Act 2009

to exempt from income tax certain payments paid to small businesses and primary producers affected by the floods in Australia during the summer of 2010-11 and by Cyclone Yasi; and

First Home Saver Accounts Act 2008

and

Income Tax Assessment Act 1997

to enable money in a First Home Saver Account to be paid into a genuine mortgage after the end of a minimum qualifying period.

to: reduce the gross domestic product (GDP) factor to four per cent for the 2011-12 financial year for GDP-adjusted notional tax; and provide that contributions to superannuation required by an industrial instrument or rules of a superannuation fund are excluded from reportable employer superannuation contributions;

Tax Laws Amendment (2009 Measures No. 3) Act 2009

to make consequential amendments;

Income Tax Assessment Act 1936

and

Income Tax Assessment Act 1997

to provide that minors cannot use the low income tax offset to reduce tax due on certain income; and

Income Tax Assessment Act 1997

and

Income Tax (Transitional Provisions) Act 1997

in relation to the percentage of premiums for certain total and permanent disability insurance policies that can be claimed as deductions.

in relation to: trust beneficiaries continuing to use primary production income averaging in certain circumstances; the operation of the National Rental Affordability Scheme; and anti-avoidance rules for exempt entities used to ‘shelter’ the taxable income of a trust;

Income Tax Assessment Act 1936

,

Income Tax Assessment Act 1997

and

Income Tax (Transitional Provisions) Act 1997

to enable trust beneficiaries to continue to use farm management deposits in certain circumstances;

Income Tax Assessment Act 1936

in relation to: capital gains and franked distributions of trusts; and phasing out the dependent spouse tax offset; and

Fringe Benefits Tax Assessment Act 1986

to provide for a single statutory rate of 20 per cent to determine the taxable value of car fringe benefits. Also makes consequential amendments to the

to: provide that the outer regional and remote payment made under the Better Start for Children with Disability initiative is exempt from income tax; and update the list of deductible gift recipients; and

Fringe Benefits Tax Assessment Act 1986

to provide that transport costs from an employee’s residence to their employment in a remote area overseas is exempt from fringe benefits tax.